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Stock Market & Financial Investment News

News Breaks
December 18, 2012
10:06 EDTACAT, PIIArctic Cat, Polaris rise after analyst says shares attractive
Winter vehicle makers Arctic Cat (ACAT) and Polaris Industries (PII) are rising after KeyBanc analyst Scott Hamann wrote that demand for the company's products has increased in some regions of the country. Moreover, the increase in demand has occurred in regions that are more important to the companies, Hamann wrote in a note to investors earlier today after speaking with dealers. Concerns about weak snowfall and potentially slowing snow plow sales have created an attractive risk/reward ratio in the stocks, the analyst added. In fact, plow demand appears to be solid, and Arctic Cat and Polaris are both gaining share in the market, wrote Hamann, who maintained Buy ratings on Arctic Cat and Polaris. In early trading, Arctic Cat rose 2.65% to $37.97, while Polaris added 0.66% to $80.90
News For ACAT;PII From The Last 14 Days
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September 30, 2014
16:21 EDTACATArctic Cat to record charge from recall of $5.4M or 27c a share in Q215
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16:19 EDTACATArctic Cat initiates recall of ATVs manufactured in 2008 and a portion from 2009
Arctic Cat announced that it is voluntarily recalling its all-terrain vehicles, ATVs, manufactured in 2008 and a portion of the models produced in 2009; a component in the front gear box may not meet the company’s standards. There are no confirmed reports of serious injuries traced to the front gear case. “Consumer safety is at the top of Arctic Cat’s values,” said Chairman and Chief Executive Officer Chris Twomey. “We ask ATV owners of affected models to stop riding their vehicles and to bring them to one of our dealers, so we can make the necessary repairs free of charge, and allow users to ride their ATVs again as soon as possible.” This recall affects an estimated 35,386 ATVs from the 2008 model year and 4,495 ATVs from the 2009 model year. All registered owners of the affected ATVs will be notified by direct mail. The company will record a charge of approximately $5.4M pretax-about $3.5 million after-tax, or 27c per diluted share, to cover warranty expense for the ATV repairs. Arctic Cat plans to take the non-recurring charge in the 2015 fiscal second quarter ending, September 30.
September 26, 2014
07:46 EDTPIIPolaris Industries management to meet with B. Riley
Meeting to be held in Chicago on October 2 hosted by B. Riley.
September 25, 2014
18:50 EDTPIIPolaris Industries backs FY14 EPS view $6.48-$6.58, consensus $6.59
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September 24, 2014
10:18 EDTPIIPolaris Industries partners with Costco
Polaris Industries (PII) announced that it will partner with the Costco's (COST) Auto Program as the exclusive promotional partner for its powersports division. Costco members will be able to access special pricing and promotional incentives on select Polaris products at participating dealers in the U.S. As a partner in the Costco Auto Program, Polaris, Victory and GEM branded products will be on display inside select Costco warehouses.

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